• Service sector activity is at highest level since February 2019. • Component activity is mixed. • Pricing power improves. The Composite Index of Services Activity from the Institute for Supply Management increased to 58.1 during [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.

Publications by Tom Moeller
Global| Aug 05 2020U.S. ISM Services PMI Improves in July
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2020U.S. ADP Nonfarm Private Payroll Gains Slow in July
• Employment slowdown is broad-based last month. • Earlier figures were revised significantly higher. Job market improvement was notably diminished during July. The ADP National Employment Report indicated that nonfarm private [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2020U.S. Factory Orders & Shipments Post Strong Gains in June
• Factory orders increase again, notably for motor vehicles. • Shipments gain is broad-based. • Inventories build up. New orders for manufactured goods increased 6.2% in June (-10.6% y/y) after May's 7.7% gain, revised from 8.0%. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2020U.S. Energy Product Prices Are Mixed
• Gasoline prices hold steady. • Crude oil prices ease. • Natural gas prices rebound. Regular gasoline prices were unchanged at $2.18 per gallon (-19.0% y/y) in the week ended August 3. Prices remained near the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2020U.S. Light Vehicle Sales Rise Further During July
• Vehicle sales continue to increase m/m, but are off 14.6% y/y. The Autodata Corporation reported that sales of light vehicles rose 10.2% last month (-14.6% y/y) to 14.53 million units (SAAR) from 13.18 million in June. It was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2020U.S. Construction Weakens Again in June
• Construction spending scaled back for the fourth straight month. • Residential building leads the way lower. Construction activity remains weak. The value of construction put-in-place eased 0.7% (+0.1 y/y) during June following a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2020ISM Manufacturing Index Beats Expectations in July
• Composite Index is above break-even for a second straight month. • Most component series improve. • Price index increases further. The Institute for Supply Management (ISM) reported that its Composite Index of Manufacturing Sector [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2020U.S. Personal Spending Strengthens as Income Declines
• Spending gain is strong for second consecutive month. • Personal income decline reflects fewer government payments. • Price inflation picks up with higher energy prices. Personal consumption expenditures increased 5.6% in June [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2020U.S. Chicago Business Barometer Surges in July
• The gain surpasses expectations. • Component improvement is broad-based. The Chicago Purchasing Managers Business Barometer improved to 51.9 during July from 36.6 in June. It was the highest reading since May 2019, up from a low of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2020U.S. Personal Spending Strengthens as Income Declines in June
• Spending gain is strong for second consecutive month. • Personal income decline reflects fewer government payments. • Price inflation picks up with higher energy prices. Personal consumption expenditures increased 5.6% in June [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2020U.S. GDP Records Steepest Decline Since WWII
• Coronavirus shuts down consumption & investment • Housing declines sharply but government spending increases. • Price inflation turns negative. U.S. GDP declined 32.9% (AR) during Q2 2020 following an unrevised 5.0% Q1 fall. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2020U.S. GDP Records Steepest Decline Since WWII
• Coronavirus shuts down consumption & investment. • Housing declines sharply but government spending increases. • Price inflation turns negative. U.S. GDP declined 32.9% (AR) during Q2 2020 following an unrevised 5.0% Q1 fall. The [...]
by:Tom Moeller
|in:Economy in Brief
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